If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50 percent reduction in wholesale … Continue reading The Vicious Circle Of Physical Retail Meets The Virtuous Circle of Digital Continue Reading
Uber Technologies is buying Postmates Inc., the food-delivery app, in an all-stock deal worth $2.6 billion, Bloomberg reported. The ridesharing company’s board of directors has approved the acquisition and announced the deal early Monday (July 6). Vice President of Uber Eats Pierre-Dimitri Gore-Coty will continue to run the combined delivery business, sources told Bloomberg. Postmates CEO Bastian … Continue reading Uber To Buy Postmates For $2.6B In Stock Continue Reading
Charmaine Chan has highlighted 25 recently completed courtyard houses for her book Courtyard living: Contemporary houses of the Asia-Pacific. Here she picks five of the most interesting. As the book’s title suggests, Courtyard living: Contemporary houses of the Asia-Pacific is a compilation of houses completed in the past 10 years across Asia and Oceania that are focused around an internal … Continue reading Five houses where the courtyard is the heart of the home Continue Reading
Subscription services, from monthly boxes to streaming entertainment channels to SaaS licenses, saw spikes during the lockdown. But what goes up must come down, and firms built on recurring revenue models are bracing for cancellations as “outside” becomes an option again. The Subscription Commerce Conversion Index, done in collaboration with Recurly, observes that “the shifting economic … Continue reading Subscription Commerce Conversions Hit Highest Level In Over A Year Continue Reading
India’s new competition rules could end up having an adverse effect on global players like Amazon, Google and Facebook, Bloomberg reports. The country’s new policy, according to a 15-page draft seen by Bloomberg and written by the Ministry of Commerce’s Department for Promotion of Industry & Internal Trade, dictates that a new eCommerce regulator be appointed, who would oversee the industry, … Continue reading India’s eCommerce Proposal Would Grant It Access To Google’s, Amazon’s Source Codes, Algorithms Continue Reading
The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal reported. An internal report has concluded that Charles Lu, Luckin’s co-founder and chairman, is responsible for fabricated transactions that inflated the Chinese coffee chain’s sales last year, a source told the newspaper. The report … Continue reading Probe Claims Luckin Coffee Chair May Have Known Of Discrepancies Continue Reading
The COVID-19 pandemic has changed how consumers buy goods, and some of these new payment behaviors could continue well after the crisis ends. Consumers’ concerns about visiting stores and touching POS terminals have generated interest in touchless methods, as have merchants’ worries about risking potential virus exposure when handling cash. Customers are also looking for … Continue reading Deep Dive: Why Contactless Card-Not-Present Transactions Are Gaining New Momentum Continue Reading
Elon Musk thought about several things that would change the world when he was much younger. The now-Tesla and SpaceX CEO attended the University of Pennsylvania to study physics and economics, but in 1992, transferred to The Warton School on scholarship after two years of studying at Queen’s University in Ontario, Canada, according to the … Continue reading Elon Musk’s College-Day Predictions Of Things To Change The World Continue Reading
Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise. At the same time, however, new research … Continue reading BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity Continue Reading
Kanye West has unveiled his first plans following his announcement to run for president. Earlier this week, the rapper showed off an early look at YZY SHLTRS, his prefabricated domed dwellings designed for the homeless. West previously shared that he was working on 50-foot YEEZY Homes, but the idea was unfortunately scrapped after he had neglected … Continue reading Kanye West Teases Forthcoming ‘YZY SHLTRS’ For Homeless As Part Of ‘2020 Vision’ Continue Reading